Disability Income Replacement or Disability Insurance is there to help you financially. Cover is available if you acquire an unexpected illness or if you are involved in some kind of accident. The finances provided, will help to fill in the gap if you are not able to work. You can rest assured that you and your family will then be taken care of.

Take note, the Disability Income Insurance does not cover the costs for the actual treatments. Disability Insurance can cover 60% up to 80% of your income while you are unable to work. There are two major types of Disability insurance:

• Short term Insurance: this type of policy usually covers up to 6 months if you are injured or ill.
• Long Term Insurance: this will be activated as soon as the short-term benefits have run out. The insurance pays out a percentage of your salary, which will depend on the policy. All of the benefits will continue until you can return to work, or it may pay out for a few years, all depending on what is stated in the policy.

You will find that many employers offer disability cover, but individuals are also more than welcome to consider a policy for themselves.